8:01 AM | Zhang Xuefeng said that it was a slip of the tongue that the Spring Festival holiday is 23 days; Shinerei in Tokyo apologized for providing a dual-menu; National Health Commission: The recent flu has not exceeded the level of the previous epidemic season.
Listing in Progress
Xunzhong Communications
36Kr has learned that the International Cooperation Department of the China Securities Regulatory Commission has issued a notice on the filing of Beijing Xunzhong Communication Technology Co., Ltd. for overseas issuance and listing. The company plans to issue no more than 35,006,000 overseas-listed common shares and be listed on the Hong Kong Stock Exchange.
ZG Group
36Kr has learned that the International Cooperation Department of the China Securities Regulatory Commission has issued a notice on the filing for overseas issuance and listing of ZG Group (Zhaogang Industrial Internet Group). The filing materials for overseas issuance and listing submitted by the company through its domestic operating entity, Zhejiang Gangyou Trading Co., Ltd., have been received. The company will be listed on the Hong Kong Stock Exchange through a merger with the overseas special purpose acquisition company Aquila Acquisition Corporation, and the company will simultaneously issue no more than 429,947,966 ordinary shares.
TOP 3 Big News
Zhang Xuefeng Claims "23-Day Spring Festival Holiday" Was a Slip of the Tongue: The Original Plan Was to Close Until the Ninth Day of the Lunar New Year
On January 9, the teacher from Fengxue Weilai posted a video on social media. Zhang Xuefeng announced that the company's Spring Festival holiday would be from January 18 to February 10. Regarding this, Zhang Xuefeng recently responded to this matter in a live stream, stating that the original plan was to have the Spring Festival holiday until February 6 (the ninth day of the Lunar New Year). During the live stream, he misread the date when mentioning the holiday period and said it would be until February 10 (the thirteenth day of the first lunar month). Zhang Xuefeng said that later, he was reminded by his colleagues and realized the mistake. However, the words had already been spoken, and the video had already been released, making it difficult to change. "It suddenly became a 23-day holiday. Now that I think about it, it's a bit too much." (Jiupai News)
Tokyo Xinrongji Apologizes for Offering Dual Menus
Recently, a netizen revealed on a social platform that they spent 190,000 yen (approximately 9,000 RMB) on Taizhou cuisine at Xinrongji in Tokyo and were treated differently by the restaurant. The netizen claimed that for the same price menu, expensive ingredients such as haishen (sea cucumber), guifei ji (imperial concubine chicken), and xiangbaba (geoduck) on their side were replaced with cheaper ones. Others had "Garlic Mixed with Xiangbaba" as a dish, while they had "Garlic Mixed with Sliced Conch"; others had "Salted and Fragrant Guifei Ji" on the menu, while they had "Crispy Squab". The Japanese at the next table had dazhaxie (hairy crabs), but they didn't. The manager said it was because the dazhaxie were out of season and not good enough; the Japanese had clay pot rice, but they only had bai mi fan (white rice). The manager said it was because the Japanese must have a staple food after the meal. The netizen questioned the differential treatment at the store, but the store manager said, "I can't help it if you think this way, but you can't distort our service." On January 11, the netizen posted that the manager of the involved Xinrongji store had apologized, stating that it was "very unprofessional" not to confirm the menu with the customer in advance.
The predecessor of Xinrongji was the "Xinrongji Restaurant" small food stall opened by its founder Zhang Yong in Taizhou, Zhejiang in 1995. Since then, it has gradually become a high-end brand specializing in Taizhou cuisine and received its first Michelin star in 2016. According to Dianping, its per capita consumption is 500 - 1,000 yuan. (Jiemian News)
NHC: The recent flu has not exceeded the level of the previous epidemic season
Gao Xinqiang, Deputy Director of the Medical Emergency Department of the National Health Commission, said at the press conference held by the National Health Commission on January 12 that the monitoring shows that the recent period is a relatively high incidence period of the flu, but it has not exceeded the level of the previous epidemic season. The number of patients with fever and emergency in the country shows a certain upward trend, but it is generally lower than the same period last year, and there is no obvious shortage of medical resources. (e Company)
Big Companies/Big Events
The pre-holiday Spring Festival Railway tickets have entered the peak sales period, with a cumulative total of 57.68 million tickets sold.
36Kr learned that according to the message on the WeChat official account of "China Railway", tickets for January 25 (the 26th day of the twelfth lunar month) started to be sold on January 11, and the pre-holiday Spring Festival Railway tickets have entered the peak sales period. Since the Spring Festival tickets started to be sold on December 31, 2024, up to 9:00 on January 11, the railway has cumulatively sold 57.68 million tickets during the Spring Festival travel period.
BYD will launch its fourth model, the Seal 07, in Japan this year
On January 10 local time, at the "Tokyo Auto Salon" exhibition, BYD Japan announced that it will launch the sporty SUV Seal 07 in Japan this year, which is the company's fourth model in the Japanese market. BYD has already launched three models in the Japanese market, namely the ATTO 3, Dolphin, and Seal, which were introduced in January, September 2023, and June last year, respectively. In 2024, BYD's sales in Japan increased by 53.7% compared to the previous year to 2,223 units. (Jiemian News)
The US Supreme Court to Rule on TikTok Case as Early as Next Week
It is reported that the US Supreme Court is expediting the hearing of a bill involving the forced sale or nationwide ban of the short-video social media platform TikTok, and a ruling may be made as early as next week.
It is reported that on the morning of the 10th local time, the US Supreme Court heard oral arguments on whether the "sell or ban" decree against TikTok violates the First Amendment to the US Constitution. The two sides of the debate are TikTok and the US Department of Justice. During the debate, although some justices expressed concerns about the potential conflict between the bill and the First Amendment, most justices believed that the law targeted TikTok's ownership rather than its speech content. They tended to believe that the company's relationship with its Chinese parent company ByteDance poses a threat to US national security.
US government officials have long politicized the operational issues of TikTok under the pretext that "China may use TikTok to collect data from US users and conduct surveillance." According to the law passed by Congress last year, TikTok needs to be separated from its parent company, ByteDance, by January 19, otherwise it will face a comprehensive ban. However, TikTok, its parent company ByteDance, and many content creators have stated that the law targeting TikTok in Congress violates the freedom of speech rights of the First Amendment to the US Constitution and have requested the court to delay or overturn the law. (CCTV News)
The three major U.S. stock indexes closed lower collectively, and popular Chinese concept stocks generally declined
36Kr learned that as of the close on January 10, the three major U.S. stock indexes collectively declined. The Nasdaq Index dropped by 1.63%, the Dow Jones Index dropped by 1.63%, and the S&P 500 Index dropped by 1.54%. Most large technology stocks fell. AMD and Netflix dropped by more than 4%, Intel dropped by more than 3%, NVIDIA dropped by 3%, Apple dropped by more than 2%, Amazon and Microsoft dropped by more than 1%, and Meta rose by nearly 1%. Popular Chinese concept stocks generally declined. Pinduoduo and iQIYI dropped by more than 5%, Bilibili, Baidu, JD.com, and Li Auto dropped by more than 4%, Alibaba and NIO dropped by more than 3%.
The total box office of movies in 2025 (including pre-sales) exceeds 1 billion yuan
According to the data of Maoyan Professional Edition, the total box office of movies in 2025 (including pre-sales) exceeds 1 billion yuan. (Stock Selection Pass)
On the first day of its opening, the first Yonghui Supermarket store in Tianjin that learned from Pang Donglai's adjustment and renovation achieved a sales volume of 2.6 million yuan.
36Kr has learned that on January 10, the first Yonghui Supermarket store in Tianjin that learned from Pang Donglai's adjustment and renovation - Yonghui SM Binhai Plaza store - made a fresh appearance and achieved a "great start". Yonghui's data shows that the store achieved a sales volume of 2.6 million yuan on the first day of its opening, which is nearly 8 times higher than the average daily sales volume before the adjustment and renovation. The customer flow exceeded 60,000 person-times, and the number of customers entering the store increased by nearly 6 times compared with that before the adjustment and renovation. The per customer transaction amount was 174 yuan, an increase of more than 95% compared with the 90 yuan before the adjustment and renovation. The increase in the customer flow of the supermarket has led to a significant increase in the customer flow of the shopping mall where it is located. According to the statistics of SM Plaza in Tianjin Airport Economic Area, influenced by the first adjusted and renovated Yonghui store in Tianjin, nearly 80,000 person-times entered the shopping mall on the opening day of the supermarket, an increase of 200% compared with the same period. The vehicle flow increased by 100% compared with the same period.
The proportion of elderly people in China infected with AIDS is continuously increasing
In recent years, the proportion of elderly people in China infected with AIDS has shown a continuous upward trend. Statistics from the Centers for Disease Control and Prevention show that the voluntary testing rate among the elderly is low, and the situation of late disease detection is relatively common. And research predicts that it is estimated that by 2035, elderly AIDS patients will be close to 33% of the total AIDS patients, which needs to attract the attention of the whole society. Data released by the Shenzhen Centers for Disease Control and Prevention shows that from January to October 2023, 198 cases of middle-aged and elderly people aged 50 and above (75.8% are men) were reported in the whole city of Shenzhen, accounting for 15.1% of the total new reported cases, and the proportion is showing a slow and continuous upward trend (before 2008, the proportion was lower than 8.0%). (Yangcheng Evening News)
Oral GLP-1RA Ozempic® (Semaglutide Tablets) Fully Launched in China
36Kr learned that on January 12, Novo Nordisk, a biopharmaceutical company, announced that the world's first oral glucagon-like peptide-1 receptor agonist (GLP-1RA) - Ozempic® (Semaglutide Tablets) has been fully launched in China. With its convenient oral administration method, Ozempic® helps patients benefit from GLP-1RA drugs earlier, facilitating excellent blood sugar control and comprehensive metabolic management, bringing an innovative category to the clinical treatment of type 2 diabetes in China.
Apple's stock price drops, and renowned analyst Ming-Chi Kuo predicts that iPhone shipments in 2025 will fall short of expectations
Apple's stock price dropped by 4% at one point on January 10. Previously, a well-known Apple analyst predicted that this year's iPhone shipments might not meet Wall Street's expectations. Analyst Ming-Chi Kuo of TF International Securities wrote in a Medium post that iPhone shipments in 2025 are expected to be between 220 million and 225 million units, while the market consensus expectation is 240 million units or more. The analyst stated that Apple has taken a "cautious stance" when discussing this year's iPhone production plans with some suppliers. He also mentioned the expected weakening of the Chinese market and expressed doubts that Apple's AI features will accelerate the iPhone replacement cycle or boost its services business. (Stock Picking Pass)
Apple CEO Tim Cook's total compensation for 2024 is $74.6 million
Apple CEO Tim Cook's total compensation for 2024 is $74.6 million, compared with $63.2 million in the previous year. (Stock Selection Pass)
Elon Musk: Neuralink Has Implanted Brain-Machine Chips in the Third Subject
According to the latest news, Neuralink, the brain-computer interface company owned by Elon Musk, has implanted brain-machine chips in the third subject, and they are all functioning well. Musk announced that the company plans to implant about 20 to 30 more cases in 2025. Regarding the next research direction of Neuralink, Musk revealed that it will help visually impaired people. Even those who have completely lost both eyes or have damaged optic nerves, or even those who are congenitally blind, can regain their vision by directly connecting to the brain's visual cortex. (Shanghai Observer)
The Los Angeles Wildfire May Become the Worst Fire in U.S. History in Terms of Losses
According to the latest estimate released by JPMorgan Chase on January 9 local time, it is expected that the wildfire in Los Angeles, the United States this week will become the most costly fire in U.S. history. JPMorgan Chase estimates that the total economic loss may be close to $50 billion, and the loss that insurance companies need to compensate may reach $20 billion. Moreover, JPMorgan Chase said that as the fire is not yet under control and is still spreading, this means that the potential economic and insurance losses may further increase. (CCTV Finance)
The rearview camera may have a malfunction, and Tesla is recalling about 239,000 electric vehicles in the US
On January 10 local time, Tesla Inc. of the United States issued a statement on the website of the National Highway Traffic Safety Administration, stating that the company is recalling about 239,000 electric vehicles in the United States because some electric vehicles may have a rearview camera malfunction.
According to the statement issued by Tesla, a malfunctioning rearview camera will reduce the driver's field of vision and increase the risk of a car accident. This recall applies to Tesla Model 3 and Model S vehicles produced between 2024 and 2025, as well as Model X and Model Y SUVs produced between 2023 and 2025. According to the data tracked by the National Highway Traffic Safety Administration, Tesla announced 16 recalls in the United States in 2024, involving more than 5 million vehicles. (CCTV News)
Elon Musk is going to charge an $8 registration fee for the social platform X, and it will be implemented as soon as next month
Insiders say that Elon Musk is preparing to make a series of adjustments to his social platform X, including removing the dates from the posts displayed on the main timeline and charging an $8 registration fee for new users of the X platform, which could fundamentally change the core functions of the social media platform. A person familiar with the internal discussions of the X platform says that Musk has proposed the idea of canceling the dates and timestamps on the X timeline to employees in recent weeks. Two sources say that this suggestion has raised concerns among some employees that it may exacerbate misinformation. (Sina Finance)
Meta Cancels Fact-Checking, UN: Regulating Hate Speech and Harmful Content Is Not Equivalent to "Censorship"
The UN High Commissioner for Human Rights, Volker Türk, said on January 10 that posts that incite hatred and division on social media have "real-world consequences", so there is a responsibility to regulate these contents. "Allowing hate speech and harmful content to spread online has an impact on the real world. Regulating these contents is not an act of censorship."
Meta announced earlier this week that the company will stop its fact-checking program in the United States, claiming that fact-checkers may have political biases, and self-regulation may lead to excessive censorship. Meta CEO Mark Zuckerberg called for the restoration of freedom of speech on the company's platform and said that users' trust has been eroded. When asked about the impact of Meta's recent decision on the UN's social media policy, a UN spokesperson emphasized that the UN continuously monitors and assesses the situation in the online space. (Jiemian News)
29 Tons of Nuclear Waste Liquid Leaked from a Nuclear Power Plant in South Korea
The Nuclear Safety and Security Commission of South Korea said on the 12th that it is investigating the abnormal discharge of 29 tons of nuclear waste liquid from Unit 2 of the Wolseong Nuclear Power Plant in Gyeongju, North Gyeongsang Province. The Nuclear Safety and Security Commission of South Korea issued a notice on its official website on the same day, stating that the Korea Hydro & Nuclear Power Co., Ltd., which is responsible for operating the unit, reported at 10:23 local time on the 12th that when Unit 2 of Wolseong was operating normally, the nuclear waste liquid in the storage tank was discharged into the sea without going through the sample analysis stage. It is estimated that the discharge volume is about 29 tons. The staff immediately "closed the valve and cut off the leakage". The analysis results of the residual samples in the tank show that the content of radioactive substances "is at the usual discharge level". (China News Network)
*ST Flower King: Revocation of delisting risk warning and continuation of other risk warnings
*ST Flower King announcement: The delisting risk warning situation triggered by the company's reorganization has been eliminated. The Shanghai Stock Exchange has agreed to revoke the delisting risk warning implemented on the company's stocks and continue to implement other risk warnings. The company's stocks will be suspended for 1 day starting from the opening of the market on January 13, 2025, and will resume trading on January 14, 2025. After the resumption of trading, the company's A-share abbreviation will be changed to "ST Flower King", the stock code remains 603007, and the daily price limit of the stock is still 5%. (Caixin Lianhe)
Mitsubishi Motors President: Joining the Honda-Nissan Merger Negotiations is "One of the Options"
Mitsubishi Motors President Takao Kato was interviewed on January 10. Regarding whether to join the management merger negotiations between Honda and Nissan Motors, he said, "This is one of the options." When talking about the envisioned benefits, Takao Kato stated, "It can actively receive assistance in the North American business (where Mitsubishi Motors has no production bases)." Takao Kato also pointed out that in aspects such as in-vehicle software development, "there will also be scenarios where the technological capabilities of the two companies can be utilized, which is of great benefit." Honda and Nissan announced in December last year the full launch of the management merger negotiations. Mitsubishi Motors previously stated that it will determine whether to join the negotiations around the end of January. (Jiemian News)
Marguerite Bérard to Become the First Female CEO of ABN AMRO
ABN AMRO announced on January 10 that Marguerite Bérard (Marguerite Bérard) will take office as CEO on April 23, replacing Robert Swaak (Robert Swaak), who will step down early. Bérard previously served as the head of BNP Paribas' French commercial and personal banking business. (Jiemian News)
Big Company Financial Reports
GAC Group: It is expected that the net profit in 2024 will decrease by 72.91% to 81.94% compared with the same period of the previous year.
36Kr has learned that GAC Group has released the annual performance forecast for 2024. It is expected that the net profit attributable to the owners of the parent company in 2024 will be 800 million yuan to 1.2 billion yuan, a year-on-year decrease of 72.91% to 81.94%. The main reason is that due to factors such as the price involution in the automotive industry and the dramatic changes in the competitive landscape, the auto sales volume has decreased. At the same time, in order to cope with market competition, the company and its invested enterprises have increased the investment in business policies such as sales subsidies by approximately 18 billion yuan. As a result, the net profit attributable to the owners of the parent company in this reporting period has decreased year-on-year.
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